Equities analysts expect that Andeavor (NYSE:ANDV) will announce $12.45 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Andeavor’s earnings. The lowest sales estimate is $10.16 billion and the highest is $14.95 billion. Andeavor reported sales of $7.85 billion during the same quarter last year, which would suggest a positive year over year growth rate of 58.6%. The company is expected to announce its next earnings report on Tuesday, August 14th.
According to Zacks, analysts expect that Andeavor will report full-year sales of $48.36 billion for the current financial year, with estimates ranging from $40.40 billion to $54.89 billion. For the next financial year, analysts forecast that the firm will post sales of $49.35 billion per share, with estimates ranging from $40.04 billion to $59.35 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Andeavor.
Andeavor (NYSE:ANDV) last issued its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Andeavor had a return on equity of 6.51% and a net margin of 4.27%. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the business earned $0.42 EPS. The business’s revenue was up 55.2% on a year-over-year basis.
Several equities analysts have weighed in on the company. ValuEngine upgraded Andeavor from a “buy” rating to a “strong-buy” rating in a research note on Friday, April 27th. JPMorgan Chase & Co. restated an “overweight” rating and set a $130.00 price objective (down from $138.00) on shares of Andeavor in a research note on Tuesday, February 20th. Citigroup cut Andeavor from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $144.08 to $80.46 in a research note on Thursday, May 10th. Credit Suisse Group restated a “neutral” rating and set a $145.00 price objective (up from $142.00) on shares of Andeavor in a research note on Friday, May 18th. Finally, Morgan Stanley raised their price objective on Andeavor from $145.00 to $182.00 and gave the company a “hold” rating in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $127.97.
Andeavor traded up $0.30, hitting $144.00, during trading hours on Friday, Marketbeat Ratings reports. 1,267,472 shares of the company traded hands, compared to its average volume of 2,009,488. The company has a current ratio of 1.41, a quick ratio of 0.64 and a debt-to-equity ratio of 0.64. Andeavor has a one year low of $82.01 and a one year high of $147.28. The stock has a market cap of $21.77 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 1.59 and a beta of 1.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Thursday, May 31st will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, May 30th. Andeavor’s dividend payout ratio (DPR) is currently 36.48%.
In related news, Director Paul L. Foster sold 212,400 shares of Andeavor stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $107.47, for a total value of $22,826,628.00. Following the completion of the sale, the director now owns 1,379,220 shares of the company’s stock, valued at approximately $148,224,773.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Blane W. Peery sold 1,012 shares of Andeavor stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $89.64, for a total value of $90,715.68. The disclosure for this sale can be found here. In the last three months, insiders sold 916,795 shares of company stock valued at $113,832,138. 7.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Ffcm LLC increased its holdings in Andeavor by 257.6% in the 1st quarter. Ffcm LLC now owns 819 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 590 shares during the last quarter. Cerebellum GP LLC purchased a new stake in Andeavor in the 4th quarter worth about $127,000. BB&T Investment Services Inc. purchased a new stake in Andeavor in the 4th quarter worth about $126,000. Ostrum Asset Management purchased a new position in Andeavor during the 1st quarter valued at about $123,000. Finally, Tower Research Capital LLC TRC grew its holdings in Andeavor by 1,082.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,656 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 1,516 shares in the last quarter. 81.40% of the stock is owned by institutional investors.
Andeavor Company Profile
Andeavor, through its subsidiaries, operates as an independent petroleum refining, logistics, and marketing company in the United States. The company operates in three segments: Marketing, Logistics, and Refining. The Marketing segment sells gasoline and diesel fuel through retail, branded, and unbranded channels.
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